-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, A+AAgTV/ZDxPOx6LJS4ysH2MJb9phEubTxHJJSI8r4aUo2r2HTSmBgy7NFT/wyVI N7iHRGIaHavF9vzt8Hcv/Q== 0000898430-00-000665.txt : 20000307 0000898430-00-000665.hdr.sgml : 20000307 ACCESSION NUMBER: 0000898430-00-000665 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000228 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000306 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PINNACLE ENTERTAINMENT INC CENTRAL INDEX KEY: 0000356213 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-RACING, INCLUDING TRACK OPERATION [7948] IRS NUMBER: 953667491 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-13641 FILM NUMBER: 561954 BUSINESS ADDRESS: STREET 1: 330 NORTH BRAND BOULEVARD STREET 2: SUITE 1110 CITY: GLENDALE STATE: CA ZIP: 91203-2308 BUSINESS PHONE: 8186625900 MAIL ADDRESS: STREET 1: 330 NORTH BRAND BOULEVARD STREET 2: SUITE 1110 CITY: GLENDALE STATE: CA ZIP: 91203-2308 FORMER COMPANY: FORMER CONFORMED NAME: HOLLYWOOD PARK INC/NEW/ DATE OF NAME CHANGE: 19920703 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 28, 2000 PINNACLE ENTERTAINMENT, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 0-10619 95-3667491 (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 330 N. Brand Boulevard, Suite 1100, Glendale, California 91203 (Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (818) 662-5900 Item 5. Other Events. On February 28, 2000, Pinnacle Entertainment, Inc. issued a press release, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference. Item 7. Exhibits. 99.1 Press Release dated February 28, 2000. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PINNACLE ENTERTAINMENT, INC. Date: March 6, 2000 By: /s/ Bruce C. Hinckley ----------------------------- Bruce C. Hinckley Chief Financial Officer Exhibit Index ------------- Exhibit Description - ------- ----------- 99.1 Press Release dated February 28, 2000. EX-99.1 2 PRESS RELEASE Exhibit 99.1 ------------ Pinnacle Entertainment Signs Definitive Agreement to Sell Turf Paradise GLENDALE, Calif., Feb. 28 /PRNewswire/ -- Pinnacle Entertainment, Inc. (NYSE: PNK - news; formerly known as Hollywood Park, Inc.) today announced the --- ---- signing of a definitive agreement under which Pinnacle Entertainment will sell its Turf Paradise horse racing facility to Jerry Simms, a private investor, for $53 million in cash. The agreement includes the horse racing operations and the 275 acres at the Phoenix, Arizona property. The Company anticipates closing the transaction in 90 days, however there can be no assurances such transaction will close. "We are pleased we have executed this definitive agreement for the transaction we announced back in December 1999," commented R.D. Hubbard, Chairman and CEO of Pinnacle Entertainment. "I look forward to closing this transaction," Jerry Simms commented. "My plans include upgrading the physical appearance of the facility and continuing the long tradition of horse racing at Turf Paradise." Pinnacle Entertainment is a diversified gaming company that owns and operates eight casinos (four with hotels) in Nevada, Mississippi, Louisiana and Argentina, two of which are the subject of pending sale transaction. Pinnacle Entertainment receives lease income from two card club casinos, both in the Los Angeles metropolitan area; and owns and operates the Turf Paradise horse racing facility in Arizona that is the subject of the above mentioned sale transaction. The company is also constructing the Belterra Resort and Casino, a major hotel/casino complex in Southern Indiana, approximately 35 miles southwest of Cincinnati. . (The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Forward-looking information involves important risks and uncertainties that could significantly affect future results and, accordingly, such results may differ from those expressed in forward-looking statements made by or on behalf of the Company, including statements related to the completion of the sale of Pinnacle Entertainment's Turf Paradise facility. Pinnacle Entertainment cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained herein. Such factors include, but are not limited to, the failure of either Pinnacle Entertainment or the Simms to fulfill the conditions necessary to complete the transaction, as well as other risks as detailed from time to time in Pinnacle Entertainment's filings with the Securities and Exchange Commission. For more information on the potential factors that could affect the Company's financial results, review the Company's filings with the Securities and Exchange Commission, including the Company's annual report on Form 10-K and the Company's other filings with the SEC.) For more information on Pinnacle Entertainment, Inc. via facsimile at no cost, call 1-800-PRO-INFO and dial company code PNK. -----END PRIVACY-ENHANCED MESSAGE-----